Tech Bulls Concerned If Selling Starts Here

The Trend for the Nasdaq and Semiconductors remains up, as each is near all-time highs and both are reflecting relative strength over the broad markets.

Ths 4-pack above looks at some key price points for Tech and Mid-Caps that are in play at this week.

The upper left chart looks at the Equal Weight/Cap Weight Nasdaq ratio, which has been heading down for years. The downward trend reflects that fewer and fewer tech stocks are keeping the market higher.